Integrated Report Statutory Reports | Financial Statements > Standalone 185

Statement of Profit and Loss

(` in crores)
Year ended Year ended
Notes
March 31, 2020 March 31, 2019
Revenue from operations
Revenue 43,485.76 68,764.88
Other operating revenue 442.41 437.88
I. Total revenue from operations 33 43,928.17 69,202.76
II. Other Income 34 1,383.05 2,554.66
III. Total Income (I+II) 45,311.22 71,757.42
IV. Expenses
(a) Cost of materials consumed 26,171.85 43,748.77
(b) Purchases of products for sale 5,679.98 6,722.32
(c) Changes in inventories of finished goods, work-in-progress and products for sale 722.68 144.69
(d) Employee benefits expense 35 4,384.31 4,273.10
(e) Finance costs 36 1,973.00 1,793.57
(f) Foreign exchange loss (net) 239.00 215.22
(g) Depreciation and amortisation expense 3,375.29 3,098.64
(h) Product development/Engineering expenses 830.24 571.76
(i) Other expenses 37 7,720.75 9,680.46
(j) Amount transferred to capital and other accounts 38 (1,169.46) (1,093.11)
Total Expenses (IV) 49,927.64 69,155.42
V. Profit/(loss) before exceptional items and tax (III-IV) (4,616.42) 2,602.00
VI. Exceptional items
(a) Employee separation cost 2.69 4.23
(b) Write off/(reversal) of provision/ impairment of capital work-in-progress and intangibles
39 (a) (73.03) 180.66
under development (net)
(c) Provision for loan given to/investment in subsidiary companies/joint venture 385.62 241.86
(d) Profit on sale of investment in a subsidiary company 39 (b) - (332.95)
(e) Provision for impairment of Passenger Vehicle Business 6 (a) 1,418.64 -
(f) Provision for Onerous Contracts 6 (b) 777.00 -
(g) Others 39 (c) - 109.27
VII. Profit/(loss) before tax (V-VI) (7,127.34) 2,398.93
VIII. Tax expense (net) 30
(a) Current tax 33.05 294.66
(b) Deferred tax 129.24 83.67
Total tax expense 162.29 378.33
IX. Profit/(loss) for the year from continuing operations (VII-VIII) (7,289.63) 2,020.60
X. Other comprehensive income/(loss):
(A) (i) Items that will not be reclassified to profit or loss:
(a) Remeasurement losses on defined benefit obligations (net) (105.32) (67.14)
(b) Equity instruments at fair value through other comprehensive income (115.72) 55.44
(ii) Income tax credit relating to items that will not be reclassified to profit or loss 33.71 18.07
(B) (i) Items that will be reclassified to profit or loss - losses in cash flow hedges (294.19) (45.72)
(ii) Income tax credit relating to items that will be reclassified to profit or loss 102.80 15.92
Total other comprehensive loss, net of taxes (378.72) (23.43)
XI. Total comprehensive income/(loss) for the year (IX+X) (7,668.35) 1,997.17
XII. Earnings per equity share (EPS) 41
(A) Ordinary shares (face value of ` 2 each) :
(i) Basic ` (21.06) 5.94
(ii) Diluted ` (21.06) 5.94
(B) ‘A’ Ordinary shares (face value of ` 2 each) :
(i) Basic ` (21.06) 6.04
(ii) Diluted ` (21.06) 6.04
See accompanying notes to financial statements

In terms of our report attached For and on behalf of the Board

For B S R & Co. LLP
Chartered Accountants N CHANDRASEKARAN [DIN: 00121863] GUENTER BUTSCHEK [DIN: 07427375]
Firm’s Registration No: 101248W/W-100022 Chairman CEO and Managing Director
Place- Mumbai Place- Austria
YEZDI NAGPOREWALLA VEDIKA BHANDARKAR [DIN: 00033808] P B BALAJI
Partner Director Group Chief Financial Officer
Membership No. 049265 Place- Mumbai Place- Mumbai
UDIN: 20049265AAAAAP9940
Place- Mumbai H K Sethna [FCS: 3507]
Company Secretary
Date: June 15, 2020 Date: June 15, 2020 Place- Mumbai